Cohn Robbins Holdings Corp. Announces Pricing of Upsized $720 Million Initial Public Offering
September 08 2020 - 8:39PM
Cohn Robbins Holdings Corp. (the “Company”) announced today that it
priced its initial public offering of 72,000,000 units at $10.00
per unit. The units will be listed on the New York Stock Exchange
(the “NYSE”) and trade under the ticker symbol “CRHC.U” beginning
September 9, 2020. Each unit consists of one Class A ordinary share
and one-third of one redeemable warrant. Each whole warrant
entitles the holder thereof to purchase one Class A ordinary share
at a price of $11.50 per share. Only whole warrants are
exercisable. Once the securities comprising the units begin
separate trading, the Class A ordinary shares and redeemable
warrants are expected to be listed on the NYSE under the symbols
“CRHC” and “CRHC WS,” respectively.
The Company is a blank check company formed for the purpose of
effecting a merger, share exchange, asset acquisition, share
purchase, reorganization or similar business combination with one
or more businesses.
Credit Suisse is acting as sole book-running manager. The
Company has granted the underwriter a 45-day option to purchase up
to an additional 10,350,000 units at the initial public offering
price to cover over-allotments, if any.
The offering is being made only by means of a prospectus. When
available, copies of the prospectus may be obtained from Credit
Suisse, Attn: Prospectus Department, 6933 Louis Stephens Drive,
Morrisville, NC 27560, Telephone: 1-800-221-1037, Email:
usa.prospectus@credit-suisse.com.
Registration statements relating to the securities became
effective on September 8, 2020. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
The offering is expected to close on September 11, 2020, subject
to customary closing conditions.
Forward-Looking Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
proposed initial public offering. No assurance can be given that
the offering will be completed on the terms described, or at all.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of the Company, including those set
forth in the Risk Factors section of the Company’s preliminary
prospectus for the Company’s offering filed with the U.S.
Securities and Exchange Commission (the “SEC”). Copies of these
documents are available on the SEC’s website, www.sec.gov. The
Company undertakes no obligation to update these statements for
revisions or changes after the date of this release, except as
required by law.
Investor Contact:
Adam Weiner, Arrowpath
Advisors212-596-7700contact@arrowpath.com
Source: Cohn Robbins Holdings Corp.
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